This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
Business Report writes that the message from Sibanye Gold boss Neal Froneman to investors on Thursday was that the difficult market conditions in the mining industry would require “bitter medicine”, including cutting salaries.
This was particularly so for the platinum sector, which was on its knees amid metal price weakness and rising costs. “We should be talking about reducing wages not increasing them by 50 percent,” Froneman said referring to the Association of Mineworkers and Construction Union’s (Amcu’s) demand for a 47% wage hike at platinum majors. But cutting salaries is likely to be rejected by labour in the platinum sector where labour tensions have escalated in recent years amid union rivalry. Trade union Solidarity yesterday said salaries should not be cut but should be linked to inflation in return for job security.
- Read this report by Dineo Faku in full at Business Report
Get other news reports at the SA Labour News home page